alleryStart learning →Home › Bihar Board Class 12 (Arts) › Economics › Forms of Market and Price Determination › Many countries treat collusion among sellers as:
Many countries treat collusion among sellers as:
ACompulsory
BTax exempt
CIllegal
DEncouraged
Answer & Solution
Correct answer: C. Illegal
Collusion violates competition laws and is regarded as anti-competition behaviour.
Related questions
Monopolistic competition produces what kind of products?Who published The Economics of Imperfect Competition in 1933?Oligopolists can earn abnormal profits in the long run mainly because of:Interdependent oligopolists are generally reluctant to:In a monopoly, the firm and the industry are:Economic profit in perfect competition attracts:Normal profit is counted as part of a firm's:A monopolist whose revenue exceeds its costs earns: